Butadiene is one of the primary petrochemicals used as a monomer in the production of various industrial chemicals such as synthetic rubbers, resins, plastics, and other polymers. Butadiene is either employed as a principal monomer or in combination with other monomers such as styrene. Synthetic butadiene is produced through various conventional methods such as steam cracking of paraffinic hydrocarbons, dehydrogenation of butane and butene, and dehydration of ethanol. Synthetic butadiene has two isomers: 1,3-butadiene and 1,2-butadiene. Out of these, 1,3-butadiene has extensive industrial applications. Currently, butadiene is being derived by using bio-based raw material sources such as non-food biomass in order to reduce dependency on petroleum feedstock.

The global butadiene market is segmented into synthetic & bio-based butadiene based on raw material source. Uses of butadiene vary depending on the manufacture of daily use and high-range products. It is extensively used as a chief monomer in the production of styrene-butadiene rubber, butadiene rubber, and styrene-butadiene latex. Furthermore, these butadiene derivatives are consumed by various end-user industries such as tire, adhesives & sealants, automotive, paints & coatings, building & construction, electrical appliances, packaging, and textile.

The global demand for synthetic & bio-based butadiene market is likely to be driven by global tire and automotive end-user industries. Following the economic slowdown in 2008, the automotive industry was chiefly responsible for boosting growth in the developed and developing regions, thus helping them regain their economies. The automotive industry increased production from 2010 in various countries across the globe such as China, Brazil, and Germany. Majority of butadiene is consumed in producing synthetic rubbers and coatings that are required in the manufacture of tire and other automotive accessories. Thus, growth in production of automobiles is expected to spur growth of the synthetic & bio-based butadiene market by the end of 2023. Butadiene and its derivatives are preferably used as chemical intermediates in this end-user industry as they provide better grip and high wear and tear resistance to finished automotive components. Rise in demand for acrylonitrile butadiene styrene (ABS) in Asia Pacific, especially in China and India, is anticipated to be another major factor driving the global synthetic & bio-based butadiene market. Government regulations related to the manufacture of petrochemicals and its allied products is lenient in Asia Pacific. As a result, the number of foreign investments are expected to increase by the end of 2023. Furthermore, the production base is shifting towards Asia Pacific due to stringent regulations imposed in developed regions such as Europe and North America. These factors, in turn, are anticipated to fuel growth of the synthetic & bio-based butadiene market by the end of 2023.

Adiponitrile is likely to create lucrative opportunities for the global synthetic & bio-based butadiene market in the next couple of years. Furthermore, it is estimated to be one of the fastest-growing application segments of the butadiene market, expanding at a CAGR of over 6% between 2015 and 2023. Butadiene is used in the manufacture of adiponitrile, which is required to produce nylon resins and fibers, as it provides added mechanical strength to these end-user products. Resins and fibers that are generated from butadiene are used in automotive components, building materials, fabrics, clothing, and non-woven textiles.

In terms of global demand, Asia Pacific accounted over 50% share of the global synthetic & bio-based butadiene market in 2014. Middle East & Africa and Asia Pacific are anticipated to depict favorable growth in the synthetic & bio-based market, by the end of 2023. These regions have several industrial advantages such as growing population, easy availability of resources and manual labor, suitable climatic conditions, and support of the regional government. These advantages are likely to provide further growth opportunities during the forecast period in the Middle East & Africa and Asia Pacific. Latin America is anticipated to be an emerging region for synthetic & bio-based butadiene, while the markets in Europe and North America are likely to depict stabilized growth by the end of 2023.

LyondellBasell Industries N.V., TPC Group, and Royal Dutch Shell plc are few prominent manufacturers of synthetic butadiene, while Genomatica, Inc. and Global Bioenergies S.A. are some of the key global players engaged in the manufacture of bio-based butadiene.

The rapidly growing automobile industry has enabled the growth of the global butadiene market in recent years. The report provides a comprehensive overview of the global butadiene market and assesses the growth and valuation of the market during the period between 2014 and 2023. The report points out the drivers and restraints affecting the growth of the market during the forecast horizon. The report also points out the various opportunities for the butadiene market to grow in near future. The report further analyzes the effect of Porter’s five forces on the growth of the market.

The report studies the global butadiene market on the basis of product type and application. The report also analyzes the manufacturing processes of synthetic and biobased butadiene and studies the price trends of the raw materials as well as that of synthetic and biobased butadiene. The report studies the global butadiene market across key geographical regions and assesses the growth of the market in each region. The report further profiles some of the key players in the global butadiene market and provides detailed information about them.

Overview of Global Butadiene Market

The report points out that the high demand from the tire and automotive industry will push the growth of the global butadiene market. The rapidly flourishing automotive market in countries such as China has increased the demand for synthetic butadiene, which is used in tires. The report studies the increasing volume of tires expected to be manufactured during the period between 2014 and 2023 and estimates the demand for butadiene accordingly. However, the report mentions that the volatility in prices of raw materials will hamper the growth of the global butadiene market. Stringent environmental regulations will also restrain the overall market. The global butadiene market has a huge opportunity to grow with the increasing demand for biobased butadiene.

On the basis of product type, the report segments the global butadiene market has been segmented into synthetic butadiene and biobased butadiene. In 2014, synthetic butadiene was the largest product segment. Synthetic butadiene is processed to obtain derivatives such as SB rubber, SB latex, and ABS, which are used in automotive industry. During the forecast horizon, biobased butadiene is likely to emerge as the fastest growing product segment in the market.

According to applications, the report categorizes the global butadiene market into butadiene rubber, SB rubber, ABS, SB Latex, adiponitrile, and others including chloroprene rubber and nitrile rubber. Butadiene rubber has been leading the overall market due to its extensive usage in tire manufacturing. During the forecast horizon, adiponitrile and ABS are expected to emerge as the fastest growing application segments in the market.

The report studies the global butadiene market across five regions: North America, Europe, Latin America, the Middle East and Africa, and Asia Pacific. Asia Pacific dominated the overall market in 2014 owing to increasing demand from China and Southeast Asia. The Middle East and Africa is projected to be the fastest growing regional segment of the market during the forecast period.

Companies mentioned in the research report:
Describing the competitive landscape, the report profiles some of the key players in the global butadiene market such as Eni S.p.A., BASF SE, Evonik Industries, TPC Group, INEOS Group AG, Exxon Mobil Corporation, LyondellBasell Industries N.V., Repsol Group, Petrochemical Corporation of Singapore Pte. Ltd., SABIC, Royal Dutch Shell plc, The Dow Chemical Company, and Yeochun NCC Co. Ltd. The report provides insightful information about the players including company overview, number of employees, business strategies, brand overview, business overview, recent developments, and others.

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